Contract Manager, Strategic Sourcing

Contract Manager, Strategic Sourcing What you will be doing:

The Contracting Manager is responsible for sourcing and management for the portfolio of contracts within an assigned service line, which will include multiple contracts or relationships. Specifically, Contracting Managers will be responsible for:

• Supplier Relationship Management
• Negotiations
• Contract Operational and Financial Management (strategic suppliers)

• Manage supplier relationships, contracts, and contract categories with small to mid-tier suppliers.
• Resolve supplier related issues regarding contracting activities.
• Remain point of contact for the Supplier to Premier and vice versa.
• Conduct regular Business Line Reviews with key suppliers.
• Develop supplier performance metrics and own supplier relationship management
• Provide operational updates for key suppliers.
• Work with counterparts at key supplier organizations to maximize the benefits realized from the ongoing relationship.
• Evaluate the positioning of contracts in the marketplace and work with the supplier to enhance Premier’s offerings.

• Conducts negotiation meetings with suppliers, ensures standardization of processes and deliverables to Sourcing Committees, shares subject matter expertise, and develops and mentors department staff.
• Responsibility for managing the competitive sourcing process related to optimum contract pricing, terms, and conditions for assigned categories.

• Solid understanding of contract management processes and systems.
• Serve as the single point of contact for the contract and respond to questions from Premier’s field team and member hospitals
• Review and analyze supplier sales data.
• Assist in training new suppliers on Premier policies and procedures.
• Support the management of the amendment process. Able to create amendments with some guidance from manager, while ensuring contract modifications are in the best interest of Premier and its Members.
• Accurately forecast administrative fees for contracts.
• Ensure supplier compliance with sales reporting and fee payment
• Monitor accounts receivable for portfolio.
• Monitor contract usage to maximize Premier administrative fees
• Routinely negotiate with suppliers to increase contract value via mitigation of price increases, price decreases, expansion of classes of trade, or other contract value.
• Support and provide input on initiatives to increase contract revenue

Work Experience:

Years of Applicable Experience - 5 or more years

Education:

High School Diploma or GED (Required)

Skills:

• Negotiation
• Contract Operations
• Purchased Services

Experience:

• History of sourcing and negotiating agreements
• Healthcare experience

Education:

• Bachelor’s degree

• Remain in a stationary position for prolonged periods of time
• Be adaptive and change priorities quickly; meet deadlines
• Attention to detail
• Operate computer programs and software
• Ability to communicate effectively with audiences in person and in electronic formats .
• Day-to-day contact with others (co-workers and/or the public)
• Making independent decisions
• Ability to work in a collaborative business environment in close quarters with peers and varying interruptions

Working Conditions:

Hospital Environment Travel Requirements:
Travel 1-20% within the US Physical Demands:
Sedentary:
Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves remaining stationary most of the time. Jobs are sedentary if movement is required only occasionally, and all other sedentary criteria are met.

Premier’s compensation philosophy is to ensure that compensation is reasonable, equitable, and competitive in order to attract and retain talented and highly skilled employees. Premier’s internal salary range for this role is $90,000 - $150,000. Final salary is dependent upon several market factors including, but not limited to, departmental budgets, internal equity, education, unique…